XAAR completes acquisition of Megnajet

XAAR has completed the acquisition of Megnajet, one of the market leaders in the design and manufacture of industrial ink management and supply systems for digital inkjet. The deal accelerates XAAR’s growth strategy of offering its customers, particularly User Developer Integrators (UDIs), greater integration across inkjet solutions through access to more of the printing eco-system, such as ink supply systems and electronics. Megnajet designs and manufactures some of the most integrated and compact ink management and supply systems.

Megnajet’s broad product range will form part of XAAR’s inkjet solutions portfolio, helping UDI customers reduce development timescales and shorten their time to market, while also attracting a broader range of commercial opportunities for the business. In addition, the acquisition will enable Megnajet to focus on growth through new developments and shared expertise across the group. It is anticipated that the acquisition will contribute positively to earnings in 2022 and to the long-term profitable growth in XAAR’s core printhead business.